U.S. Granted Utility Patents Originating in Koochiching County, MN
PATENTCOUNTY27071 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Koochiching County, MN' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that have an inventor's address in Koochiching County, Minnesota. This metric provides insight into innovation and technological activity in the region.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Utility patents are a type of patent granted for the invention of a new and useful process, machine, manufacture, or composition of matter, or a new and useful improvement thereof. Tracking patent activity by county can indicate local trends in research, development, and commercialization of new technologies.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the inventor's listed address on granted utility patent applications.
Historical Context
Policymakers and economic development organizations may use this data to assess the innovative capacity and technological competitiveness of Koochiching County.
Key Facts
- Koochiching County is a rural county in northern Minnesota.
- The county has a population of around 12,000 people.
- Patent activity can indicate the level of technological and entrepreneurial dynamism in a region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that have an inventor's address in Koochiching County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity by county can provide insights into the innovative capacity and technological competitiveness of a region, which is valuable information for policymakers and economic development organizations.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the inventor's listed address on granted utility patent applications.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations may use this data to assess the innovative activity and technological competitiveness of Koochiching County, which can inform policies and initiatives aimed at fostering economic growth and development.
Q: Are there update delays or limitations?
A: The data may have a delay of several months due to the time required for patent applications to be processed and granted by the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Koochiching County, MN (PATENTCOUNTY27071), retrieved from FRED.